I carved out a win today on NYSE:PSA to start a trend off the Weekly 50% Level. This has a chance to run based on the technical setup as well as a possible secular bull trend if one believes people will need to store their stuff into a housing crunch.
The initial trade began on a 30 minute timeframe spike (which unfortunately was not caught on Tradingview...
Ah yes, the classic bullish falling wedge overlapping a bearish head and shoulder pattern; tale as old as time. We can see price action here on the weekly chart is getting very near the apex of the falling wedge….however it has also closed several candles below the neckline of the h&s pattern. Still not certain which of the 2 patterns will win out but it does...
The PEAD projected a Bearish outlook for $PSA after a Negative Under reaction following its earnings release placing the stock in drift D with an expected accuracy of 60%.
A time Analysis plotting bottoms and tops
Each period of time between bottom and top is roughly the same, which allows for the last assumption of a bull move upward
Strong trend line up will be held
Red is top, Green is bottom
The chart posted is just one of so many that has been used to take money from weak hands to back to strong hands that should be at least a drop of 65 to 75 % well before any one can stick their head out of the foxhole . I say foxhole because there has been a war going on for decades the rich vs the workers . Btw the way there has been little to no...
The PEAD projected a Bullish outlook for $PSA after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 50%.
High relative strength, new highs, and breaking out on a weekly time frame.
Not many stocks could make the same claim today... institutions need to put money to work. They can't just sit in cash - many are mandated to have exposure. I've heard stories of some not being allowed to have a 10% cash position. So where do they put their money? Hopefully in strength....
Hi Folks,
This is a pretty simple set up here. We have a huge base on PSA going back to March 2016. The previous highs from that time are presenting textbook resistance in my opinion. I believe that PSA will break out and there's an opportunity in the setup. Here's my thesis:
The XLRE has being showing relative strength to the S&P the last three months and has...
Price is currently testing a resistance zone. Looking for a retracement of previous low up to 61% of fibonnaci. On the 4 hour I see a W pattern that is finishing up hopefully which would trigger a pullback.
Strike Price: $230.34
What do you think?
Like, Follow, Agree, Disagree!
Could hold to $232, but after that, it's a gamble.
Watching for confirmation tomorrow.
Playing options. Want to see the MACD line come upward and the get on top of that histo
This is my prediction for PSA. We are heading for cycle wave III which will be devided to 5 primary waves.
The targets for the three upcoming primary impusive waves are inside the red boxes.
Risk disclaimer
This prediction is based on my personal opinion and this article does not suggest you to make any trades.
I am not responsible for any future losses using...
